SEIX vs. FLTR
Compare and contrast key facts about Virtus Seix Senior Loan ETF (SEIX) and VanEck Vectors Investment Grade Floating Rate ETF (FLTR).
SEIX and FLTR are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SEIX is an actively managed fund by Virtus Investment Partners. It was launched on Apr 24, 2019. FLTR is a passively managed fund by VanEck that tracks the performance of the MVIS US Investment Grade Floating Rate Index. It was launched on Apr 25, 2011.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SEIX or FLTR.
Key characteristics
| SEIX | FLTR | |
|---|---|---|
| YTD Return | 3.14% | 3.27% |
| 1Y Return | 11.70% | 8.10% |
| 3Y Return (Ann) | 5.65% | 3.75% |
| 5Y Return (Ann) | 5.12% | 3.14% |
| Sharpe Ratio | 3.92 | 8.67 |
| Daily Std Dev | 3.10% | 0.94% |
| Max Drawdown | -17.51% | -17.84% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between SEIX and FLTR is 0.14, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
SEIX vs. FLTR - Performance Comparison
The year-to-date returns for both investments are quite close, with SEIX having a 3.14% return and FLTR slightly higher at 3.27%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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SEIX vs. FLTR - Expense Ratio Comparison
SEIX has a 0.57% expense ratio, which is higher than FLTR's 0.14% expense ratio.
Risk-Adjusted Performance
SEIX vs. FLTR - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Virtus Seix Senior Loan ETF (SEIX) and VanEck Vectors Investment Grade Floating Rate ETF (FLTR). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Dividends
SEIX vs. FLTR - Dividend Comparison
SEIX's dividend yield for the trailing twelve months is around 9.10%, more than FLTR's 6.24% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SEIX Virtus Seix Senior Loan ETF | 9.10% | 8.74% | 5.76% | 4.16% | 3.75% | 3.82% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FLTR VanEck Vectors Investment Grade Floating Rate ETF | 6.24% | 6.07% | 2.29% | 0.63% | 1.49% | 3.05% | 2.67% | 1.69% | 1.16% | 0.71% | 0.66% | 0.65% |
Drawdowns
SEIX vs. FLTR - Drawdown Comparison
The maximum SEIX drawdown since its inception was -17.51%, roughly equal to the maximum FLTR drawdown of -17.84%. Use the drawdown chart below to compare losses from any high point for SEIX and FLTR. For additional features, visit the drawdowns tool.
Volatility
SEIX vs. FLTR - Volatility Comparison
Virtus Seix Senior Loan ETF (SEIX) has a higher volatility of 0.30% compared to VanEck Vectors Investment Grade Floating Rate ETF (FLTR) at 0.21%. This indicates that SEIX's price experiences larger fluctuations and is considered to be riskier than FLTR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.